EUROPEAN UNION officials have been accused of spreading lies about Britain and future relations after Brexit to lure international banks away from the City. The Bank of England has reacted with fury over claims Brussels’ regulators have been using scaremongering tactics to persuade foreign banks to relocate their European headquarters by claiming post-Brexit there will be chaos in London. Sam Woods, a deputy at the Bank, claims “EU colleagues” have been presenting false and conflicting views to a “large foreign bank”. The BoE worker said the lender was inaccurately being told the British public be demanding “ever-tougher financial regulation” and focusing frustrations on City bankers after the UK quits the EU. In fact the City is expected to enjoy light touch legislation in comparison to the highly regulated EU, he said. And Mr Woods confirmed the EU claim was the opposite of his own conversations with EU regulators after they expressed concerns over the UK implementing...
MORE than 130 Tory councillors have warned David Cameron he risks tearing the Conservative party apart if he ignores grassroots activists. The warning letter, which will be delivered to the Prime Minister, says many activists and councillors believe he has only met the “minimum outcome we could hope for in any renegotiation” after scraping together a new deal with EU leaders. Meanwhile Ben Harris-Quinney, councillor for North East Hertfordshire slammed the party’s top brass, saying: “It's time the Conservative Party leadership placed it's grassroots members and manifesto commitments back at the top their priority list, and stopped trying to disempower both with weasel words and political trickery.” The letter states: “We do not feel these manifesto commitments alone were enough to represent a good deal for Britain in Europe, but given the clarity of the commitment they were at least the minimum outcome we could hope for in any renegotiation. “As they have ...